What Personal Finance Lessons Can Retirees Learn From the Great Depression and Great Recession to Apply to the COVID-19 Pandemic

Great Depression and Great Recession to Apply to the COVID-19 Pandemic

This article is part of a series on personal finance during the coronavirus pandemic. Please check out the Coronavirus and Your Finances Series (link will open in a new window). In fact nothing is said that has not been said before. –Terence History repeats itself, first as tragedy, second as farce. –Karl Marx (no, I’m … Read more

Lesson 18: Getting People Who Live in Houses to Pay You

Lesson 18: Getting People Who Live in Houses to Pay You

A house can be an investment as well. This lesson looks at investing in rental properties. Here’s what we’ll cover: Why I think rental real estate is an attractive investment How to find potential rental properties How to calculate the potential return on investment on rental properties Below is the lesson. Don’t forget that we … Read more

Moving Costs You Didn’t Think About

Moving Costs You Didn’t Think About

Tomorrow to fresh woods, and pastures new –John Milton As you know, we recently moved from Virginia to Texas. Being the diligent financial planner that I am, I budgeted for the move, and we set aside money each month so that when the move came, we could pay for the move with cash. That was … Read more

If You Are a Self-Employed Business Owner or Sole Proprietor Who Has Been Taking Distributions, Consider Changing to Guaranteed Payments Until at Least June 30, 2020 Because of the CARES Act

CARES Act

This article is part of a series on personal finance during the coronavirus pandemic. Please check out the Coronavirus and Your Finances Series (link will open in a new window). [T]his will deliver urgently needed relief to our nation’s families, workers, and businesses. –President Donald Trump on signing the CARES Act Disclaimer #1: I am … Read more

Lesson 19: Starting Your Own Gig and Managing the Band

Lesson 19: Starting Your Own Gig and Managing the Band

This lesson looks at entrepreneurship as a possible source of income. Here’s what we’ll cover: Do you really want to be an entrepreneur? How to start a company Growing the company and possibly making the jump to being a full-time entrepreneur Retirement vehicles for entrepreneurs Below is the lesson. Click here to download Lesson 19 … Read more

Gratitude During a Pandemic

Gratitude During a Pandemic

This article is part of a series on personal finance during the coronavirus pandemic. Please check out the Coronavirus and Your Finances Series (link will open in a new window). Gratitude is the wine for the soul. Go on. Get drunk. –Rumi (who was an excellent poet…I highly recommend him!) While we’re all sheltering in … Read more

Lesson 20: Tying It All Together

Lesson 20: Tying It All Together

Congratulations! You’ve made it to the final lesson in the course! We’ll wrap it all up in this lesson. Here’s what we’ll cover: Why didn’t I talk about debt? 10 pounds of stuff in a 5 pound sack Reviewing your priorities in life Tying your priorities to your spending now that you know what your … Read more

What Do You Do All Day (Before and During the Coronavirus Quarantine): FIRE Life

What you do during Coronavirus

This article is part of a series on personal finance during the coronavirus pandemic. Please check out the Coronavirus and Your Finances Series (link will open in a new window). A subject for a great poet would be God’s boredom after the seventh day of creation. –Friedrich Nietzsche When we announced to our investors that … Read more

Lesson 2: Monkey Brain’s Common Weapons

Lesson 2: Monkey Brain’s Common Weapons

In this lesson, we’re going to look at why smart people can’t do what they know they are supposed to. Here’s what we’ll cover:   The reasons why Monkey Brain fights you Some common behavioral biases that Monkey Brain uses Exercises to show you how Monkey Brain works in your life Below is the lesson. … Read more

Do You REALLY Know How You Would React if the Stock Market Dropped by 20%?

How You Would React if the Stock Market Dropped by 20%

“What is necessary to change a person is to change his awareness of himself.” –Abraham Maslow “The final mystery is oneself.” –Oscar Wilde If you’ve ever taken one of those online financial assessments, you’ll know that you’re asked questions about yourself. Most of them are either demographic – how old are you, are you married, … Read more